Brokerages Set Superior Plus Corp. (TSE:SPB) Target Price at C$8.50

Superior Plus Corp. (TSE:SPB) has received a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$8.50.

Several analysts have commented on SPB shares. Canadian Imperial Bank of Commerce upgraded shares of Superior Plus from a “hold” rating to an “outperformer” rating in a report on Tuesday, April 21st. Scotiabank upped their price target on shares of Superior Plus from C$7.00 to C$8.50 and gave the company a “sector perform” rating in a report on Tuesday, May 19th. ATB Cormark Capital Markets increased their price objective on shares of Superior Plus from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. National Bank Financial raised their price objective on shares of Superior Plus from C$7.50 to C$8.50 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Finally, Stifel Nicolaus boosted their price objective on shares of Superior Plus from C$9.00 to C$10.00 and gave the company a “buy” rating in a research report on Thursday, May 21st.

Insider Transactions at Superior Plus

In other news, insider Dale Alan Winger purchased 10,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of C$7.65 per share, with a total value of C$76,500.00. Following the purchase, the insider directly owned 41,000 shares of the company’s stock, valued at C$313,650. This trade represents a 32.26% increase in their position. In the last three months, insiders bought 15,000 shares of company stock worth $118,360. 0.54% of the stock is currently owned by corporate insiders.

Superior Plus Stock Up 6.1%

Shares of Superior Plus stock opened at C$8.20 on Friday. Superior Plus has a 1 year low of C$6.06 and a 1 year high of C$8.86. The business has a 50-day moving average of C$8.07 and a two-hundred day moving average of C$7.45. The company has a market capitalization of C$1.76 billion, a P/E ratio of 39.05 and a beta of 0.35. The company has a debt-to-equity ratio of 193.28, a current ratio of 1.22 and a quick ratio of 0.46.

Superior Plus (TSE:SPB) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.94 earnings per share for the quarter. Superior Plus had a return on equity of 5.20% and a net margin of 2.01%.The business had revenue of C$1.25 billion for the quarter.

Superior Plus Company Profile

Superior is a leading North American distributor of propane, compressed natural gas, renewable energy and related products and services, servicing approximately 770,000 customer locations in the U.S. and Canada. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, Superior safely delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers not connected to a pipeline. By displacing more carbon intensive fuels, Superior is a leader in the energy transition and helping customers lower operating costs and improve environmental performance.